Paramount Global Initiates Major Layoffs, Targets $500 Million in Cost Reductions

Business Operations, Business Strategy, Consumer Media and Publishing, Consumer Services, Direct-to-Consumer, Entertainment and Streaming, Industry Announcements, News /

Paramount Global begins layoffs, cutting 15% of its U.S. workforce to save $500 million as it adapts to industry changes and prepares for a merger with Skydance Media. Learn more about the impact on the subscription industry.

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